Splurging on Your Plane

On Tue, 31 Jan 2006 13:04:46 -0500, "Marco Leon" mmleon(at)yahoo.com
wrote:


"Robert M. Gary" wrote in message
roups.com...

3) Probably the most important thing, your plane is a known quantity.
Most of us are buying planes that are 20 to 30 years old. At that age
there can be a lot of gottchas. The risk of a gottcha with the plane
you know well is less than something you've never seen. There are many
gottchas that don't get caught on even the most complete inspection.

Assuming a $70K purchase price on the Arrow, the math comes to over $240K
total. Quite a number of 2003+ glass-cockpit Cirrus SR-20's for that price
with comparable performance and payload. Maybe he doesn't like the Cirruses
but the options are wide open if he knew what he had to spend (that's a big
"if"). Very possibly could have been just a case of the update bug gone
wild.

Plus he won't get $240k when he goes to sell the Arrow. Meanwhile,
the Cirrus would hold its resale fairly well... But it seems that for
the owner of the Arrow in question, finances are not a concern (he was
employee #2 at AutoCad), and he is doing this for fun...

As a relative comparison, aso.com lists the following Arrows...
A 1999 Arrow III with a similar set of avonics to the aforementinoed
Arrow, and only 1270TT, price = $189k.

A 1978 Turbo Arrow with similar avionics = $144k

-Nathan

"Nathan Young" wrote in message
...

Plus he won't get $240k when he goes to sell the Arrow. Meanwhile,
the Cirrus would hold its resale fairly well... But it seems that for
the owner of the Arrow in question, finances are not a concern (he was
employee #2 at AutoCad), and he is doing this for fun...

I think it's safe to say that once you start using the word "splurge" when
describing your aircraft updating activities, resale value ceases to become
a concern. As an aircraft owner, there is an enormous sense of satisfaction
that comes out of updating your plane. The main sanity check for most is the
good 'ole wallet. Without that fiscal check, well, sky's the limit I
suppose.

Marco



As a relative comparison, aso.com lists the following Arrows...
A 1999 Arrow III with a similar set of avonics to the aforementinoed
Arrow, and only 1270TT, price = $189k.

A 1978 Turbo Arrow with similar avionics = $144k

-Nathan






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